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New York State pension fund commits extra $2bn to low-carbon index
01 February 2018The $203 billion New York State Common pension fund has doubled its exposure to its own low-carbon index to $4 billion.
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Shareholder action forces oil giant Exxon to increase climate disclosures
12 December 2017ExxonMobil is to start publishing reports on how policies to reduce global warming affect its profits, a move which marks a major victory for shareholder action on climate change, according to New York State Comptroller Thomas DiNapoli.
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Growing shareholder support for climate action still "a work in progress"
06 November 2017Shareholder support for climate risk initiatives has surged in 2017 but some of the world's largest asset managers have only just started taking action, according to a report by 50/50 Climate Project.
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Asset manager plans shareholder resolutions on methane
04 October 2017An engagement initiative on methane has been launched, targeting the 2018 proxy voting season.
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US asset owners are waking up to climate change
31 July 2017There is increasing evidence that US investors are factoring climate change into their investment decisions, argues Meg Voorhes
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Comment: There is no 'Trump dump' for environmental finance
10 July 2017President Donald Trump reaffirmed his decision to pull the US out of the Paris climate agreement at this weekend's G20 meeting in Hamburg.
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Oil & gas companies risk $2.3trn in stranded assets
21 June 2017$2.3 trillion of future upstream investments by 69 oil & gas companies is at risk of becoming stranded assets, according to a new report by Carbon Tracker Initiative and the Principles for Responsible Investment (PRI).
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Why asset owners should take heed of the transition to a low-carbon economy
08 June 2017Addressing the energy transition is a necessary long-term strategy, but it may throw up risks in the shorter-term as well, say Richard Folland and Shuen Chan
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Shareholder climate success at Exxon
31 May 2017A shareholder resolution calling for ExxonMobil to do more to tackle climate change received a significant majority, despite not being backed by the board.
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Oil companies beginning to act on climate change, says report
15 May 2017Some of the largest global oil and gas companies such as Statoil, Eni and Total are beginning to act on climate change. However, laggards like ExxonMobil are considerably behind these companies, according to a report from major investors.